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YEEEEE-HAAAAAAW!🐾Meow Motto
What Top Execs Read Before the Market Opens
The Daily Upside was founded by investment professionals to arm decision-makers with market intelligence that goes deeper than headlines. No filler. Just concise, trusted insights on business trends, deal flow, and economic shifts—read by leaders at top firms across finance, tech, and beyond.
Good morning, my friends!
There are 500 stocks in the S&P 500, and only 7 of them perform exceptionally well, earning the right to be branded and grouped under the magical umbrella known as The Magnificent 7!🎰
Let’s get to know them!
Markets
Dow -1.63%
S&P 500 -1.54%
Nasdaq -1.63%
Fear Factor
VIX 11.26%
Crypto-verse
BTC -4.12%
ETH -6.27%
XRP -5.83%
The Magnificent 7 AAPL -1.30% MSFT -0.59% GOOGL -0.76% AMZN -0.79 NVDA -3.05% META -0.63% TSLA -3.08%
*Last Updated: Jan 13, 2025 7:30 a.m. EST. For updated market info click:
10 and 30-year yield treasury bonds continue to go higher Monday in the wake of jobs data that suggest the Federal Reserve might make little, if any, change to policy rates this year.
Big sell off in top tech stocks in premarket today. Nvidia shares tumble 3% as Palantir Technologies, Tesla, Advanced Micro Devices and bitcoin holder MicroStrategy also slip.
Bitoech movers - Moderna lost a fifth of its market value after forecasting revenue well below market expectations. Intra-Cellular Therapies stock however soared close to 35% in premarket on a $15 billion deal to be purchased by Johnson & Johnson.
The Magnificent 7
No, not the famous Western movie!
The term the Magnificent 7 refers to seven dominant tech companies—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla—that have played a crucial role in driving market growth. Known for their innovation and strong financial performance, these stocks represent a significant portion of major indexes like the S&P 500 and Nasdaq Composite.
These stocks, as some of the largest companies in the world, have an influence that extends beyond the tech sector and shapes broader economic trends, capturing the attention of global investors.
Understanding them lets you gain insights into how technological advancements and market changes can impact your long-term investment strategy.
Today: monthly US federal budget
Tomorrow:
NFIB optimism index(*insights into the overall sentiment and outlook of small businesses - business conditions, sales expectations, hiring plans, and capital expenditures)
Producer Price Index; core PPI/PPI year over year/core PPI year over year(*a rising PPI suggests increasing inflation pressures at the wholesale level, which can be a leading indicator of future consumer price inflation)
Kansas City Fed President Jeffrey Schmid speaks
Fed Beige Book(*a publication by the Federal Reserve that summarizes current economic conditions across all 12 Federal Reserve districts)
Do you own any Magnificent 7 stocks?
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📢If you’re looking for investing advice, don’t 👀 at me! 🐾 Meow Motto
🧶 DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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